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Why Google’s Innovation Strategy is Failing

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Manage episode 463564390 series 2400655
Content provided by Phil McKinney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Phil McKinney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Google spends over $45 billion on R&D a year, yet its graveyard of failed innovations keeps growing – Google+, Glass, Stadia, and countless others. But here's the surprising truth: this pattern isn't unique to Google.

Even with unlimited resources and top talent, tech giants struggle to innovate alone. The era of solo innovation is dead.

Consider this: in 1985, breakthrough innovations required input from 2-3 organizations. Today, that number has exploded to 15-20 organizations for cutting-edge technologies. Tesla, often praised for vertical integration, relies on 300+ suppliers, multiple university partnerships, and data from millions of drivers.

The innovation game has fundamentally changed. Modern breakthroughs emerge from complex webs of collaboration between competitors, startups, universities, and governments. Companies clinging to the lone wolf approach are falling behind.

CRISPR gene editing technology, often attributed to a single lab, actually required dozens of universities, multiple government grants, and countless biotech firms working in parallel. SpaceX's reusable rockets build on NASA research, hundreds of suppliers, and open-source contributions.

The message is clear: your organization's innovation potential isn't limited by your internal resources – it's limited by your ability to orchestrate an ecosystem of partners.

Listen to the podcast: https://killerinnovations.com/subscribe-to-podcast/
Watch the video: https://www.youtube.com/@PhilMcKinney

Want the complete innovation ecosystem playbook?
Become a member and get instant access to our comprehensive Innovation Ecosystem Playbook, participate in the discussion in our exclusive Discord community of innovators, and much more. Our community is transforming how companies approach breakthrough innovation.

Join the community and get the Innovation Playbook: https://www.philmckinney.com/#/portal/signup
Become a member via Patreon: https://www.patreon.com/philmckinney
#innovation #businessstrategy #technology #leadership

To learn why Google's strategy is failing, listen to this week's show: Why Google's Innovation Strategy is Failing (And What It Means For Your Business)

RELATED: Subscribe To The Newsletter and Killer Innovations Podcast
  continue reading

277 episodes

Artwork
iconShare
 
Manage episode 463564390 series 2400655
Content provided by Phil McKinney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Phil McKinney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Google spends over $45 billion on R&D a year, yet its graveyard of failed innovations keeps growing – Google+, Glass, Stadia, and countless others. But here's the surprising truth: this pattern isn't unique to Google.

Even with unlimited resources and top talent, tech giants struggle to innovate alone. The era of solo innovation is dead.

Consider this: in 1985, breakthrough innovations required input from 2-3 organizations. Today, that number has exploded to 15-20 organizations for cutting-edge technologies. Tesla, often praised for vertical integration, relies on 300+ suppliers, multiple university partnerships, and data from millions of drivers.

The innovation game has fundamentally changed. Modern breakthroughs emerge from complex webs of collaboration between competitors, startups, universities, and governments. Companies clinging to the lone wolf approach are falling behind.

CRISPR gene editing technology, often attributed to a single lab, actually required dozens of universities, multiple government grants, and countless biotech firms working in parallel. SpaceX's reusable rockets build on NASA research, hundreds of suppliers, and open-source contributions.

The message is clear: your organization's innovation potential isn't limited by your internal resources – it's limited by your ability to orchestrate an ecosystem of partners.

Listen to the podcast: https://killerinnovations.com/subscribe-to-podcast/
Watch the video: https://www.youtube.com/@PhilMcKinney

Want the complete innovation ecosystem playbook?
Become a member and get instant access to our comprehensive Innovation Ecosystem Playbook, participate in the discussion in our exclusive Discord community of innovators, and much more. Our community is transforming how companies approach breakthrough innovation.

Join the community and get the Innovation Playbook: https://www.philmckinney.com/#/portal/signup
Become a member via Patreon: https://www.patreon.com/philmckinney
#innovation #businessstrategy #technology #leadership

To learn why Google's strategy is failing, listen to this week's show: Why Google's Innovation Strategy is Failing (And What It Means For Your Business)

RELATED: Subscribe To The Newsletter and Killer Innovations Podcast
  continue reading

277 episodes

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